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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 21,668 $ 102,072
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 17,653 17,174
Amortization of intangibles 1,086 1,328
Loss on disposal of property and equipment 22 1,034
Stock-based compensation expense 14,120 12,692
Amortization of premium on marketable securities 419 1,867
Deferred income taxes (2,782) (3,282)
Increase (decrease) in accounts receivable allowance for credit losses (454) 259
Change in operating assets and liabilities:    
Accounts receivable (10,787) 13,154
Inventories (14,321) (11,992)
Prepaid expenses and other assets (7,241) 4,075
Accounts payable 8,813 5,577
Taxes payable and accrued liabilities (5,430) (2,539)
Net cash provided by operating activities 22,766 141,419
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (7,211) (27,944)
Proceeds from sale of property and equipment 0 1,202
Purchases of marketable securities (110,810) (20,710)
Proceeds from sales and maturities of marketable securities 98,641 125,527
Net cash provided by (used in) investing activities (19,380) 78,075
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock under employee stock plans 3,098 3,057
Repurchase of common stock (5,999) (292,349)
Payments of dividends to stockholders (21,761) (20,936)
Net cash used in financing activities (24,662) (310,228)
NET DECREASE IN CASH AND CASH EQUIVALENTS (21,276) (90,734)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 105,372 158,117
CASH AND CASH EQUIVALENTS AT END OF PERIOD 84,096 67,383
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Unpaid property and equipment 2,713 2,984
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net $ 11,653 $ 14,657